Is Coinbase a Good Exchange?

Coinbase is at least a decent exchange when you consider their huge client base. However, it does not mean other exchanges cannot boast the same or even better features.

Let’s compare Coinbase to some of its greatest competitors:

As of today, end of September 2017, Coinbase is available in 32 countries, including the US, Canada, Australia, Singapore, and dozens of the European countries.

It means that Coinbase competitors should cover at least the same countries.

So, the first rivals that come to my mind at the moment are Kraken, CEX IO, and Bitstamp.

Why would clients go for one of the three mentioned exchanges instead of Coinbase? Let’s check this:

Kraken – Coinbase

Kraken is known in the industry as the number one exchange in terms of euro volume trading. Considering that euro is the second fiat currency after the USD regarding liquidity, we can conclude that it’s huge.

Here is what Kraken has and Coinbase lacks:

Margin trading opportunity with up to 5:1 leverage. It means that you can trade Bitcoin and altcoins with borrowed money and boost your return potential by five times! However, it also means that you take additional risk. Coinbase platform does not offer margin trading solutions, though it’s available through their GDAX platform.